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views on the global economy and perhaps you could start with europe and make your way around the world and perspective on what you see in terms of growth and perhaps more importantly you know, what are the challenges that we are going to have to deal with over the next period of time? >> there's not enough time for all the challenges but let me give you some perspective. let me get to -- let me give away the punchline. the punchline is i think in a world races, the world is not going to come to coming to an end. we are going to muddle through but there are a lot of challenges and a lot of risks that i think the largest outcome come the largest for signage likely outcome by far is that we get through it and a lot of action were to be taken to offer some relief but there are several things that could cause things to derail in which case it would be a lot tougher for a lot longer. but you asked about europe. i think the biggest problem that europe has is growth and the risk problem is the go off the rail, bus stop of the euro. a few months ago we would have said that the two big issues fo
the fallout of the crisis threatens the u.s. economy on your 401k. amy kellogg joins us from london with more. >> reporter: it affects your 401k was the markets of course are corelated and the markets in europe are down. also the s&p derives a significance portion of its earnings from european then american companies have operations overseas that make money in europe, therefore if the economy here is in a bad way that hurts americans. there was this big strike in greece today that got violent when some black-hooded anarchists kind of took advantage of the situation, throwing gasoline bombs at police. they used a general strike and march as a vehicle to just rage against authority. over 50,000 people came out. they are processing the further cuts that are coming their way . many in greece are generally desperate now having seen their salaries drop by more than 20% already since austerity became a way of life in greece. social safety networks are not able to save people. one person at the demonstration was quoted as saying, we are bleeding, we can't take it any more. the new conservative-led co
under some of the strongest sanctions today. oil exports have been correct. the iranian economy has been hit hard. it does have an effect on the economy. we must face the truth. sanctions have not stopped iran's nuclear program. according to the international atomic energy agency, during the last year alone, iran has doubled the number of energy uses in its underground nuclear facility. at this late hour, there is only one way to peacefully prevent iran from getting atomic bombs, and that is by placing a clear red line on iran's nuclear weapons program. [applause] red lines do not lead to war. they prevent war. look at nato's charter. it made clear that an attack on one member country would be considered an attack on all. red lines have helped keep the peace in europe for nearly half a century. and help preserve the peace for decades. it is the failure to place red lines that has often invited aggression. if it were drawn in the 1930's, world war ii might have been avoided. the first gulf war might have been avoided. clear, red lines will also work with iran. earlier this year, they thre
:30. and it could move the market, especially a big build in inventory finding a very slow economy and we're also going to get a ten o'clock new home sales numbers and normally they do not directly affect the market and we'll see coming up at ten o'clock this morning and you will have the numbers. the opening bell has stopped, it's stopped ringing and now they're actually trading and we're expecting a modest, actually, we're expecting a flat market to start with. flat to slightly lower, because of what's happening in europe, mayhem over there, especially in spain and that does not bowed well for america's stock market. we should see. we're dead flat in the half minute's worth of business. perhaps we were hasty when we put the blackberry maker rim, adding they added 2 million subscribers, nicole, i want a stock price. >> am i included in the "we"? i didn't have them on death watch, you may remember. stuart: you're right. >> the death music came on, hold on, what happened yesterday. went up 5% because they added subscribers and 3.3%, and up to 80 million subscribers. stuart: i got it. now, tell me
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for india-pakistan relations. it was not such a lousy year for elements of the pakistani economy. we focus on the most dynamic elements. they are not necessarily those that we use as partners after 2008. the most dynamic partners are business people, the media, and it is uneven, but some of the people in the universities. the women's groups, the ngo's. i am not trying to talk about this rosy, friendly, civil society, in a sense that those of us looked to civil society. it is infinitely more complex and more typical than the eurocentric notions would have it. but this is a part of pakistan, where if you talk to the pakistan is, who are furious with the united states -- if you talk to the pakistanis, we want the opportunity, and we want that kind of social link. it would help to build ties with the united states, and put a lot more of our concentration into society where the face of society is the face of your neighbor, the engineer who works in a ditch, the face of a student, the face of your child who has come to america, etc.. our focus on what pakistan is. i am not sure that is going to
, and the stability of the global economy. it risks triggering a nuclear- arms race in the region, and the unraveling of the non- proliferation treaty. that's why a coalition of countries is holding the iranian government accountable. and that's why the united states will do what we must to prevent iran from obtaining a nuclear weapon. we know from painful experience that the path to security and prosperity does not lie outside the boundaries of international law and respect for human rights. that's why this institution was established from the rubble of conflict. that is why liberty triumphed over tyranny in the cold war. and that is the lesson of the last two decades as well. history shows that peace and progress come to those who make the right choices. nations in every part of the world have traveled this difficult path. europe, the bloodiest battlefield of the 20th century, is united, free and at peace. from brazil to south africa, from turkey to south korea, from india to indonesia, people of different races, religions, and traditions have lifted millions out of poverty, while respecting the ri
wants to emphasis in the campaign. he wants the campaign to be obviously about the economy and about our unemployment rate. and it's an unusual position for republican to be in to be running against democrat who has a strong record on national security. i think that's been difficult for the romney campaign, you know, i have worked for both republicans and democrats in various administrations, so i'm not a political person. but if seems to me that republicans always try to run to the right of a democrat and sometimes accuse democrats of being weak on national security. on this election you have president obama who have taken us out of iraq. president obama who has waged a tough war against al qaeda and has gone off the leadership note tbli osama bin laden who has taken out from the terrorist on yemen -- and president obama because of the actions in the very pressive record has boosted american credibility in some parts of the world. governor romney has been trying to assert that president obama is not strong enough on foreign policy. he hasn't supported israel enough. or not as tough as h
and the economy. if you can't get it right it's time to get out. >> all right. well, other than that, if we all agree, what is the hold-up? mitch albom is "outfront" tonight. he's author of "the time keeper." number one fiction on "the new york times" best-seller list. mitch, great to see you. it's obviously been reported two sides are meeting today. what are the odds that this is going to get settled? >> not so great. they are actually still pretty far apart. you would wonder why a league that makes $9 billion in revenue is worried about maybe about $10 million apart on a package for the referees, but it's a bit of a power struggle going on and those on the inside say even with all this controversy and these terrible -- it wasn't just that one, it was a whole weekend's worth of bad plays, it still may not be settled any time immediately. >> let's go through some of the sticking points, just because i found it so ironic that you have governors who don't like unions saying bring back the union refs. there was a lot of irony in it. i know the league wants to do away with the pension plan, replace
afghanistan where the bulk of the troop surgeinciy unfolded, the economy is principally agricultural. most men are working the fieldsv were doing some sort of job that is related to agriculture. the u.s. government includedhemh pghtly that one key way to helo the afghan people would be toze, the farming toh try to provide them with somes o better seeds and fertilizer and in some cases, tractors and try to improve what they were goingl so thatle you would improve ther livelihood as a result, he woull sort of helped them out. so the problem was we tried to do too much of it at once. a h think of southern afghanistan and the farmers there is a of i, parched amman on a hot day.m ine instead of giving them a tall glass of ice water, we literallt turned the fire hose on him, ruining him on the process. beig we tried to pour so much moneypd in bed it wound up becomingy, counterproductive. this was a program that was trying to spend $300 million in and just two provinces in one year. not surprisingly, we wound upr t shoveling the goods of afghanthy and they drove it over to the border to pakistan and
Search Results 0 to 13 of about 14 (some duplicates have been removed)